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The global chufa market is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
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The global chufa market is significantly being driven by the growth in Europe and the Middle East and Africa. The growth of the market in the regions is being spurred as the product is readily available for use. The product is widely used for the production of horchata, a kind of vegetable milk. Both the regions are witnessing a robust growth in both production and consumption due to their tropical weather as well as the rising awareness about the health benefits among consumers. Chufa based products are widely used among the population, especially in countries like Spain and Ghana, which is further propelling the market forward.
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Chufa is a perennial plant of the rush family and is grown on moist and wet soils in warm climates. The small, round tubers with roots have a slight almond taste and are raw or cooked or transformed into a traditional chufa drink known as horchata. The plant tubers contain high protein, carbohydrate, and oleic acid levels and a non-drying oil. The oil is obtained in the same way as conventional olive oil extractions by pressing the cleaned tubers. The taste of the oil is gentle and is thought to be comparable to olive oil as a food oil, but of superior quality.
Based on size, the industry can be divided into the following:
The types of chufa can be divided into organic and conventional.
The products of chufa included in the market are:
Chufa finds its end-use in the following industries:
The regional markets for chufa can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The market is being driven by the rising awareness about the health benefits of chufa among the consumers. The product is extremely nutritious as the tubers provide a high amount of carbohydrate, protein, as well as oleic acid. It is also known to provide a non-drying oil, which is widely used in lubricants and in cosmetics products. In China, the product is widely used as a liver tonic to cure mouth ulcers. Chufa finds wide applications in the pharmaceuticals sectors as it is also used in various cancer-curing medicines, especially in Africa. Such factors are expected to support the growth of the market in the coming years. The market is also being supported by the rising R&D activities in the industry globally.
The report gives a detailed analysis of the following key players in the global chufa market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Size |
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| Breakup by Type |
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| Breakup by Product |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global chufa market is projected to grow at a CAGR of 6% between 2024 and 2032.
The major drivers of the industry, such as rising disposable incomes, increasing population, healthy growth in both production and consumption, increasing health awareness, and rising demand from the cosmetics and pharmaceutical industries, are expected to aid the market growth.
The key market trend guiding the growth of the market includes the growing R&D activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sizes of chufa in the market are micro and small, among others.
The major types of chufa in the industry are organic and conventional.
The significant products of chufa are tiger nuts milk, tiger nuts flour, tiger nuts oil, skinned tiger nuts, peeled tiger nuts, and dried tiger nuts, among others.
The leading end-use sectors in the market are alimentary and pharmaceutical, among others.
The major players in the industry are The Chufa Co., The Tiger Nut Company, Chufa De Valencia, and KCB International, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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